Netbay PCLBKK:NETBAY +5.98%83 Equity-to-Asset is 0.74 as of Mar. 2026, which is 1% below its 10-year median of 0.75. GuruFocus rates BKK:NETBAY with a GF Score™ of 83/100 and a GF Value™ of ฿21.36 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,876 Software companies, Netbay PCL ranks better than 75.87% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Netbay PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿537.9 Mil. Netbay PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿730.2 Mil.
Therefore, Netbay PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.74.
The historical rank and industry rank for Netbay PCL's Equity-to-Asset or its related term are showing as below:
BKK:NETBAY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.75 Max: 0.83
Current: 0.74
During the past 11 years, the highest Equity to Asset Ratio of Netbay PCL was 0.83. The lowest was 0.66. And the median was 0.75.
BKK:NETBAY's Equity-to-Asset is ranked better than 75.87% of 2876
companies
in the Software industry
Industry Median: 0.56
vs BKK:NETBAY: 0.74
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Netbay PCL Equity-to-Asset Related Terms
Netbay PCL Equity-to-Asset Historical Data
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The historical data trend for Netbay PCL's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BKK:NETBAY vs UBER, SHOP, CRM: Equity-to-Asset Comparison
For the Software - Application subindustry, Netbay PCL's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Netbay PCL Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Netbay PCL's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Netbay PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Netbay PCL (BKK:NETBAY) has a Equity-to-Asset of 0.74 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Netbay PCL and its competitors. This is near median its historical median of 0.75. Over the past decade, Netbay PCL's Equity-to-Asset has ranged from 0.66 to 0.83. According to the industry distribution chart, Netbay PCL ranks #694 out of 2876 companies in the Software industry, placing it in the top 24.1%.
Is Netbay PCL's Equity-to-Asset too high?
Netbay PCL's current Equity-to-Asset of 0.74 is near median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 0.83. The Software industry median Equity-to-Asset is 0.56. Netbay PCL's value of 0.74 is 32.1% above this industry median. Based on the distribution chart, Netbay PCL ranks #694 out of 2876 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netbay PCL has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Equity-to-Asset compare to UBER and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #694 out of 2876 companies for Equity-to-Asset. This places Netbay PCL in the top 24% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.56. Netbay PCL's value of 0.74 is 32.1% above this benchmark. Historically, Netbay PCL's own Equity-to-Asset has ranged from 0.66 to 0.83 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.56, Netbay PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Software company?
The median Equity-to-Asset among Software companies is 0.56, based on 2,876 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netbay PCL's current Equity-to-Asset of 0.74 is 32.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Netbay PCL and its competitors. For the Software industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Equity-to-Asset is 0.74, which is near median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.36, compared to a current price of ฿12.40 — trading 41.9% below its estimated fair value. The current Equity-to-Asset is 0.74, which is near median its 10-year median of 0.75 and 32.1% above the Software industry median of 0.56. Netbay PCL's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Netbay PCL (BKK:NETBAY), the current Equity-to-Asset is 0.74 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿12.40 is trading 41.9% below its estimated GF Value™ of ฿21.36.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Equity-to-Asset: 0.74 (near median its 10-year median of 0.75)
GF Value™: ฿21.36 vs. price of ฿12.40 (41.9% below fair value)
Industry Position: 32.1% above the Software median (#694 of 2876)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
83GF Score
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